Fiduciary Income Tax


Fiduciary Income Tax describes the different types of taxes that estates and trusts are subject to and explains how the various entities are taxed. This course explains the taxation associated with grantor and tax-exempt charitable trusts, and describes the general tax rules. It identifies the income tax deductions available to individuals, trusts, and estates. This course also defines trust accounting income. This course explains distribution deduction for simple and complex trusts and distributable net income (DNI). It describes the distribution deduction for simple trusts and complex trusts and estates.


Audience: Trust officers with at least three years of personal trust experience who need a deeper understanding of technical trust concepts and how solutions work when applied to client needs.


Learning Objectives: After completing this course, students will be able

  • Identify the types of taxes and how entities are taxed
  • Describe the general tax rules and concepts for grantor, tax-exempt charitable, estate, and irrevocable trusts
  • Explain how income tax deductions play a key role in tax planning
  • Describe the tax treatment of beneficiaries for simple and complex trusts